$BTC The current focus of the encrypted market is concentrated on the intense game between long and short forces and the dual resonance of macro-level benefits. The continuous rise in the long-term holding ratio highlights the deepening effect of capital accumulation, building a solid support base for prices. The significant warming of expectations for interest rate cuts by the Federal Reserve, combined with Trump's public support for the cryptocurrency industry, forms a dual narrative of a shift in monetary policy and policy support, continuously attracting traditional capital into the market. It is worth noting that the high level of short positions suggests potential short squeeze risks in the market—once key resistance levels are effectively broken, it may trigger a short squeeze, further accelerating the upward price trend. However, caution is needed regarding short-term volatility disturbances to avoid chasing high risks, and it is recommended to rationally participate with a fixed investment mindset.

First support level 91000 (close to key defense line, with strong support)

Support range is between 91000-92000 (dense chip area, forming an important defense line)

Key resistance level is at 95000 (breaking this level may open up upward space, caution is needed for selling pressure near resistance levels)

Prices are oscillating and consolidating above the support range in the short term, showing resilience in buying below.

If 91000 support stabilizes effectively, the technical side is expected to form a "support confirmation" signal, providing a basis for rebound momentum. #美联储降息 #王建波